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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Sri Lanka : € 50,000,000
    Water, sewerage : € 50,000,000
    Signature date(s)
    20/01/2017 : € 50,000,000
    Link to source

    Summary sheet

    Release date
    25 January 2016
    Status
    Reference
    Signed | 20/01/2017
    20140457
    Project name
    Promoter - financial intermediary
    GREATER COLOMBO WASTEWATER PROJECT
    PUBLIC ENTITY(IES)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    EUR 156 million
    Location
    Sector(s)
    Description
    Objectives

    As part of the Greater Colombo Water and Wastewater Management Improvement Investment Program initiated by the Asian Development Bank (ADB), this project will support the improvement of wastewater collection and treatment facilities of Colombo's south catchment area. The project will improve resilience to intense storms and also result in reduced emissions.

    Expanding coverage and efficacy of sanitation services will reduce pollution in the city, its watercourses and the sea, therefore having a positive impact on health and livelihoods. The project thus contributes to UN sustainable development goal (SDG) 6 (clean water and sanitation) and is eligible under the External Mandate for EIB activity in Asia and Latin America, in particular regarding social infrastructure and environment (sanitation).

    Environmental aspects
    Procurement

    The project will generally benefit the environment and public health by improving and extending sewage collection and treatment before discharging into the sea. The ADB is in the process of carrying out initial environmental examinations (IEEs) for all components, which will also include contractor environmental management plans. At this stage no environmental impact assessment (EIA) is expected to be required for components included in this project. Two project components are expected to require resettlement and another the re-possession of land owned by Colombo Municipal Council currently used by a school as sports grounds. Resettlement plans are being prepared in line with national legislation and ADB's Safeguard Policy Statement, which are acceptable to the EIB.

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Comments

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - GREATER COLOMBO WASTEWATER PROJECT
    Publication Date
    14 Jun 2016
    Document language
    Main Topic
    Lending
    Document Number
    67024364
    Document Focus
    Environmental Information
    Project Number
    20140457
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - GREATER COLOMBO WASTEWATER PROJECT - Initial Environmental Examination (IEE)
    Publication Date
    27 Aug 2020
    Document language
    Main Topic
    Lending
    Document Number
    133102899
    Document Focus
    Environmental Information
    Project Number
    20140457
    Sector(s)
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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